Orange County Register To Cut 110 By Friday

 

SANTA ANA, CA (October 29, 2008) – Orange County Register CEO and president Terry Horne told staff members today that tonight and Thursday there will be layoffs, with 110 employees (about 30 from the newsroom) losing their jobs by Friday.

Laid off employees will get two week's pay for every year of service, Horne said.

This is the fourth round of staff cuts at the newspaper this year, and comes in the same week the paper announced a 15 percent drop in daily circulation.

"This isn’t necessarily just to improve profitability, we have to become a different kind of company,” Horne said in an article in the paper. “We will be more focused on Interactive and make more of an effort in the print business.”

After these layoffs there will be about 1,200 employees remaining.

The Register, founded in 1905, is privately owned by Freedom Communications and does not release financial information, the publisher said.

Horne said the cuts are part of plan to change the newspaper's business model to function in a media environment that has been hard hit by the loss of advertising revenue, real estate and auto advertising, dropping readership, an economy sinking into recession, and competition from the Internet.

 

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